~ A Blog on Gems

Rough Market Cools Despite $572M De Beers Sight

RAPAPORT… The rough-diamond market slowed during last week’s De Beers
July sight, with prices on the secondary market decreasing.

De Beers sold $572 million of rough in the sixth sales cycle,
an increase of 6% from the previous sight and 8% from the same period a year
ago, the company said Tuesday.
However, rough dealers were reselling boxes of De Beers
goods for no premium, or at a los…